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Dec 3, 2012 7:00pm EST
it often doesn't work out that way. in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the irs. the irs is going to use the bush cut, the dreaded bush tax cuts. the richest 1% paid $84 billion inflation adjusted dollars more between 2000 and 2007. that's a rise of 23%. in other words, their tax rates went down. and their tax revenues went up. now, isn't mr. obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raised income tax rates three times. once in 1969 to pay for the vietnam war. once i
Dec 5, 2012 10:00am PST
hillary clinton bids farewell and voices a warning about securing syria's chemical weapons. >> our concerns that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> and road to 2016, congressman paul ryan and senator marco rubio drop big hints at last night's dinner honoring jack kemp. >> you know any good diners in new hampshire or iowa, right? >> paul, thank you for your invitation for lunch in iowa and new hampshire, but i will not stand by and watch the people of south carolina ignored. ♪ >> and take five, to remember one of the greatest innovators jazz has known, composure dave brubeck, died a day short of his 92nd birthday. ♪ >> good day. i'm andrea mitchell live in washington. we begin with the fallout from a senate vote that seemed to underscore everything that is wrong with capitol hill. the senate's rejection of an international treaty to guarantee equal rights for people with disabilities based on what has been american law since the first bush presidency
Dec 7, 2012 1:00am PST
president clinton said that he was going to raise the marginal tax rates. here was those same old republicans, making the same old points 19 years ago. >> we have a solid plan ready to go to reduce the deficit calling for no tax increases and true cuts in government spending. >> as opposed to the clinton plan tax spend job loss. >> the president is taking us down the path of more travels more spending and bigger government. >> let's force the president and the people who run the house and senate the democratic majority to play the cards on the table. >> he has to reduce the deficit for real. >> we'll have no new taxes and we'll have reform and less government as a solution to our problem. >> i think you're going to find what the republicans have done is dramatically more desirable. >> president clinton must understand that he has to cut spend forego real. >> you've got to be persistent in this business. >> cenk: they're saying the identical things nearly 20 years later. were they right? president clinton did raise the marginal tax rates for the top bracket. well the heritage found
Dec 5, 2012 9:00am PST
on their first $250,000 on income and for income above that amount, people would go back to paying the clinton era rates. the republican position with a few exceptions, like tom cole, is you know what, too bad. nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a different position than he has now. play that sound for everybody so they can remember. sorry. it's a full screen. i will read the quotation. what we said was give us $1.2 trillion in additional revenues which could be accomplished without hiking tax rates but simply accomplished by eliminating loopholes, some deductions and engaging in a tax reform process to lower rates generally while broadening the base. that is d
Dec 5, 2012 3:00am PST
this because you remember, we went through this with newt. you know, bill clinton would push newt only so far, and then the conservatives in the caucus like myself and matt salmon, steve largent and others would say we're not doing a deal. we will take this place down. we're not doing a deal. and then newt would call bill clinton up and say, you're pushing me too far. you've got to work with me here. the same thing's happening right now with boehner. >> with boehner. >> the republican -- and when you start stripping people of committee -- committee seats, war breaks out and it gets really -- it happened with us. it's about to happen here. he's got to realize that boehner is his partner. >> it feels like we're at a really critical moment here with respect to boehner. and he can choose one of two paths. he could choose the recalcitrant path, which is perfectly possible, or he can say to himself, okay, i need to build a coalition for the purposes of this fiscal cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm ver
FOX News
Dec 4, 2012 4:00pm PST
.s. troops, shep. >> shepard: sheriffs clinton was at that meeting in brussels. she aimed her words about the syria crisis at another country. >> yes. the secretary directed her comments to russia. she emphasized that the stain legs of these patriot systems in turkey is not meant to destabilize nato's already uneasy relationship with moscow. back here at state chided the russians for skipping upcoming crisis meeting on the syrian conflict. >> we want to see obviously, you know, russia come around to the point of view of the international community with regard to what's happening in syria. you know, we want to work with russia as we have said many times from this podium on the basis of the geneva action group's communication. >> clinton is expected to meet with her russian counterpart sometime in the next 48 hours, shep. >> shepard: meantime syrian rebels are taking their fight to the capital of damascus. move aimed at putting additional pressure of regime and hitting the heart of president assad's power. that strategy is coming at a bloody cost. witnesses say a mortar slammed into a ninth
Dec 3, 2012 6:00am PST
the federal budget deficit. he knows something about something. he was around when clinton -- remember that economy? okay. he said i wish president obama and the democrats would explain to the nation the federal budget deficit isn't the major problem and deficit reduction shouldn't be the major goal. problem is lack of good jobs and the goal must to be revive both. deficit reduction leads us away from jobs and growth. the reason the fiscal cliff is dangerous is because it's too much deficit reduction too quickly that would suck demand out of the economy. more jobs and growth will help the deficit. recall the '90s when the clinton administration balanced the budget because of faster job growth than anybody expected bringing in more tax revenues than anyone had forecast. europe offers the same lesson in reverse. thank you. as jim says, every time we talk about this, they keep taking the wrong -- lindsey graham said we're going to be greece. yeah, if we do what you want! the best way to generate jobs and growth is
Dec 3, 2012 4:00pm PST
your respiratory system. >> those troubles developments come as hillary clinton made repeated the united states' position that it will not tolerate the use of chemical weapons. >> we have made our views very clear. this is a red line for the united states. >> so is the united states about to get involved in syria's 20 month old conflict? "outfront" tonight, bob bair, peter brooks was under president george w. bush. bob, i'm going to start with you if i can. so, at what point do you think the administration gets involved? is what we've seen now this sense they're creating weapons, is that enough? >> it's not enough. i think the fact they're mixing it is highly alarming, of course. if they start deploying this, if they start putting it on artillery shells, if it looks like they're really going to fire this stuff, i don't see any choice but we're going to have to go in. the west is completely, what i'd also like to say is that with the minority regime that runs s syria, would they use it, absolutely. if they're back is against the wall and they think they're going to go down, the
Dec 9, 2012 4:00pm PST
-- raising tax rates, not just the idea of closing loopholes. would you accept returning to the clinton rate of 39.6%? or, would you accept something, perhaps, a mid point, 37% or starting with people who make $500,000, rather than 250? >> well, chris, there is a growing group of folks, that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that is it. the presidency and the senate, is in the democrats' hands, and a lot of people are putting forth a theory and i actually think it has merit where you go ahead and give the president the 2% increase, that he is talking about, rate increase on the top 2% and all of a sudden the shift goes back to entitlements, and all of a sudden once you give him the right on the top 2%, it is actually much lesser tax increase than what he has been talking about, the focus then shifts to entitlements and maybe it puts us in a place where we actually can do something that really saves the nation, so, there is a growing body, i actually am beginning to believe that is the
FOX News
Dec 5, 2012 6:00am PST
call the launch successful whatever happens. secretary of state hillary clinton is in europe this week at a meeting in nato in brussels. her message is pretty clear. it wants north korea to stop this. if this missile works, bill, the range could be over 6,000 miles. that would put whatever it is launching in the payload in the range of los angeles. bill: greg palkot, watching that out of london. six minutes past. >> this is not north korea's first attempt at this. since 1998 the country has conducted four long-range missile tests. all of them failed out over the ocean. in that time u.s. sources estimate that north korea has developed over 800 medium-range missiles. a number of short-range missiles as well including antiship cruise missiles. bill: president obama will sit down with the nation's top ceos in washington today for new talks on how to avoid the fiscal cliff. the president plans to deliver remarks and answer questions during a meeting of a business roundtable. critics say the president will call on business leaders to press lawmakers about raising the debt ceiling. while that
FOX News
Dec 2, 2012 5:00pm PST
writer for ronald reagan peggy noonan and former advisor to president clinton doug schoen. everybody. [applause] >> this is a very special day for me. i wanted to make a point to peggy, people ask me how did you get to be press secretary and i actually point back to one book i read in 1994 when i became press secretary on the hill and it was yours, what i saw at the revolution. >> oh, my goodness. >> changed my life and gave me confidence to be a conservative woman. >> thank you for that. >> oh, my goodness, thank you. [applaus [applause] >> okay. am i crazy? it is not too early to start thinking about who is going to run in 2016, doug? >> absolutely not. with marco rubio, i think going to terry branstead's birthday party in the caucus in iowa, i think the senator-- given the financial and political, organizational challenges involved it's almost imperative, dana, if you run, you begin this soon. >> and maybe start before four years out having to run for other offices and peggy, what goes through somebody's mind? what is the process that you think about, wow, you really could be pr
FOX News
Dec 4, 2012 8:00am PST
republicans? joining us for a fair & balanced debate, simon rosenberg, a former clinton campaign adviser and president and founder of ndn, just for clarity, a democrat. and the former chairman of the republican party of virginia. kate, does the republican party mead to change its position on immigration? >> well, does it darn dash no it needs to actually star, it needs to talk bim congratulations. strstrategic decisions were made to stay away from the issues that affected these democrat i cans that the republicans did terrible with. the democrats define you on these positions, then as anti-immigration or as the president defined the republicans as the enemy of latino, he actually used that word. rips have to start being savvy and realize that their message is won't that truly does appeal to immigrants, the one of hope and opportunity. why do immigrants come to the united states? for freedom and prosperity. republicans have to start conveying they are the party of freedom and prosperity and start talking about legal immigration. look at these people around the world who have spent their l
Dec 4, 2012 9:00am EST
clinton and state counselors have been engaging for some time, and that is can we get a better answer than we have had in the past two how a new rise in power comes to the international system. and can we do so without running significant risks or indeed fall into conflict. >> thanks. please. >> i agree with everything the undersecretary has said your, and, in fact, admiral sam locklear underscore those pushes a couple days ago in australia. talking about engagement and that strategic trust. but it's interesting that the chinese tend to look at the american, ma asia pacific give it a sort of a continuing strategy. which speaks to the inability to really communicate with strategic effect. and i think you touched, steve, on a very important piece which was a seniority complex and if i can put it that way. china has felt that they were abused by major powers to the 19th century and well into the 20 century, and that has an interesting counterbalance, which is a seemed a bit of a superiority complex about the solutions that they are building on how china images as a global power. the disconten
Dec 4, 2012 1:00pm EST
president clinton was in office, he left this country in the black. the people have weighed in. they've indicated that we want to move forward, we want to put people to work but we want to do it in a fair method of doing it. and that is not cutting programs that impacts the working poor in this country. mr. garamendi: well, you're absolutely correct about that. the proposal to cut medicare benefits is a nonstarter. there are things that can be done in medicare to reduce the costs and much has already been done. i'd like to ask my colleague from the great state of michigan to join us, mr. curson is a new member, came in during a special election. welcome. delighted to have you join us. mr. curson: thank you. i agree wholeheartedly with what's been said so far and the testimony, what i really want to say -- into the mic. what i really want to say is medicare is run more efficiently than nearly any insurance company in the world. they devote less than 2% of its funding to administrative expenses, and you compare that to a private insurance company that costs up to 40% of premiums for in
Dec 6, 2012 8:00pm EST
tax rates for the wealthiest among us an economic growth. first during the clinton administration, the top marginal tax rate was raised on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. job growth slowed and wages stagnated. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will say more at the end about some of our members who are leaving. it has been an honor for me to serve as chairman of this committee and also served with my friend, kevin brady, as vice chair. he has been great to work with. i hope there'll be bipartisan success in congress. i look forward to working with him as i change seats in the senate for the next congress. -- in a sense for the next congress. i am grateful to our wi
Dec 5, 2012 8:00pm EST
in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians are supposed to play politics, that is not a dirty word. >> the legendary "bloomberg view" columnist -- margaret carlson. >> i had this plan for a couple weeks -- i thought, this could happen. when you said you cannot get people in the corner as the president has with the tax increase on the wealthy -- here is the plan. on december 31, the bush tax cuts expire. after you have your champagne and you are funny hats on, on january 1 at 12:01 a.m., there is a middle-class tax cut and the top rate is 39.6%, then they are cut to 37%, so republicans get their tax cut. isn't
Dec 6, 2012 1:00am EST
the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a specific, explicit plan that would limit those tax benefits for high- income households that's been examined by the joint committee on taxation, which is the official referee for these issues in congress. that plan, though, doesn't raise the revenue that you need. so out of the president's $1.6 trillion, $950 billion comes from decoupling. decoupling is the high-income rates going away, the middle- class tax cuts becoming permanent. that gets you $950 billion of revenue. the question is could you plausibly replace that revenue just by limiting tax expenditures. there have been lots of different ideas out there. it's always a li
Dec 7, 2012 10:30pm EST
clinton's former chief of staff. since then, there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to push our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike he wanted, understand we will continue to see $1 trillion deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president does not agree with our proposal, we believe he has got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you spoke with the president this week. how do you characterize that call? also, we understand that he is making clear that it will have to be increasing rates for the wealthy or no deal. are you willing to give a little bit, if not all of the way to 39.6? >> it was pleasant, but it was more of the
Search Results 0 to 20 of about 21 (some duplicates have been removed)